Adf Foods allots 820222 shares

Adf Foods Ltd has announced that the Board of Directors of the Company at its meeting held on September 11, 2009, has allotted 8,20,222 equity shares of face value Rs. 10/- each against exercise of option by the warrant holders of conversion of the Warrant into equity shares on payment of balance subscription amount of Rs. 24/- per warrant.

Consequent to the said allotment the paid-up share capital of the Company has increased to 1,84,94,112 equity shares of Rs. 10/- each aggregating Rs. 18,49,41,120.

The stock closed the day at Rs.72.65, down by Rs.0.65 or 0.89%. The stock hit an intraday high of Rs.75.50 and low of Rs.71.65.

The total traded quantity was 11304 compared to 2 week average of 38089.

Source : Equity Bulls

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